While the world's largest retail chain is calling it a promotion, experts said the group may be looking at a new growth strategy for Asia.
Addressing the centenary celebrations of the Communist Party of China at the historic Tiananmen Square, Xi in over an hour-long address also said that integrating Taiwan with the Chinese mainland is a historic mission of the ruling party.
Brazil and Russia (88 per cent each), Germany (86 per cent) and China and Italy (both at 85 per cent) were the other countries with high level of security concerns while respondents in Hong Kong (70 per cent), Belgium/Netherlands (74 per cent) and the US and Japan (77 per cent each) were the least concerned by comparison.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
Investors' wealth eroded by Rs 3.46 lakh crore on Wednesday as equity markets took a sharp tumble amid weak global trends and foreign fund outflows. The 30-share BSE Sensex fell by 676.53 points or 1.02 per cent to settle at 65,782.78. During the day, it plunged 1,027.63 points or 1.54 per cent to 65,431.68. In line with the weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 3,46,947.54 crore to Rs 3,03,33,258.69 crore.
The overall confirmed cases on the mainland have reached 81,708 by Sunday, including 1,299 patients still being treated, 77,078 patients discharged after recovery, and 3,331 people died of the disease.
BSE market breadth was marginally negative. Out of 3,094 stocks traded, 1,541 declined while 1,429 advanced.
